The Nikolaev regional council approved the rebuilding plan of sea trade port in Ochakovo, offered by the Smart — Holding company of Vadim Novinsky.

Investments into this project will exceed 1,5 billion euro.

According to the approved document, Ochakov seaport will deepen to 15-17 meters. Its area will increase at the expense of an alluvium of 40 hectares of the earth. In the territory of port will build terminals for an overload of coal, ore and grain. Already at the first stage (by 2012) it will be able to pass 12 million tons of freights a year.

"It is the large-scale and long-term project which realization demands passing of a number of consecutive stages. Now the Smart - holding is developed by equipment - an economic justification of the project, and also conducts detailed research of stages of its realization", - reported in the company.

In Nikolaevsk a regional council say that Novinsky's project was approved almost unanimously. "This question was considered on all commissions, all wishes therefore at session no questions existed" were brought, - the member of the commission concerning industrial policy and energy drinks of a regional council Vladimir Fuchs claims.

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